<h1>Token presale claims raise securities and consumer protection risks, need disclosures and compliance with SEC Rule 10b-5</h1> A press release promotes a blockchain token presale by an unnamed project, offering early-bird pricing, token giveaways, and claims of audited smart contracts and AI-driven cross-chain arbitrage functionality. It highlights anticipated price appreciation and decentralized governance rights for token holders. Legal issues include potential securities, consumer-protection and advertising-law risks from promotional price and return claims, reliance on third-party audits and disclosures, and the need for clear risk warnings and regulatory compliance in relevant jurisdictions. The release was distributed under arrangement with a news agency that disclaims editorial responsibility.